Keurig Dr Pepper, Inc $KDP Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,963 shares of the company’s stock after selling 24,822 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Keurig Dr Pepper were worth $4,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of KDP. NewEdge Advisors LLC raised its position in shares of Keurig Dr Pepper by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 15,488 shares of the company’s stock worth $530,000 after purchasing an additional 3,627 shares during the last quarter. Empowered Funds LLC raised its position in shares of Keurig Dr Pepper by 248.0% during the 1st quarter. Empowered Funds LLC now owns 69,801 shares of the company’s stock worth $2,389,000 after purchasing an additional 49,741 shares during the last quarter. Woodline Partners LP raised its position in shares of Keurig Dr Pepper by 49.2% during the 1st quarter. Woodline Partners LP now owns 100,870 shares of the company’s stock worth $3,452,000 after purchasing an additional 33,258 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Keurig Dr Pepper during the 2nd quarter worth about $328,000. Finally, Jump Financial LLC raised its holdings in Keurig Dr Pepper by 253.6% in the 2nd quarter. Jump Financial LLC now owns 76,089 shares of the company’s stock valued at $2,516,000 after acquiring an additional 54,571 shares during the last quarter. Institutional investors and hedge funds own 93.99% of the company’s stock.

Analyst Ratings Changes

KDP has been the subject of a number of recent research reports. Zacks Research upgraded shares of Keurig Dr Pepper from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Keurig Dr Pepper from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Keurig Dr Pepper in a report on Monday, April 27th. Barclays increased their price objective on shares of Keurig Dr Pepper from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, April 27th. Finally, Evercore set a $30.00 price objective on shares of Keurig Dr Pepper in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.57.

Keurig Dr Pepper Stock Down 1.1%

Shares of NASDAQ KDP opened at $29.09 on Friday. The company has a 50 day simple moving average of $27.48 and a 200-day simple moving average of $27.74. The company has a market capitalization of $39.58 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.33 and a beta of 0.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $35.94.

Keurig Dr Pepper (NASDAQ:KDP) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $7.23 billion. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. On average, equities research analysts predict that Keurig Dr Pepper, Inc will post 2.29 earnings per share for the current year.

Keurig Dr Pepper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 27th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, March 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.2%. Keurig Dr Pepper’s dividend payout ratio (DPR) is currently 68.15%.

Keurig Dr Pepper Profile

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.